Accounting 9706 · AS & A Level · Preparation of financial statements

Preparation of financial statements — practice question

The summary below has been extracted from a partnership statement of financial position. non-current assets $42000$ capital accounts $36000$ current accounts (debit) $6000$ current liabilities $8000$ non-current liabilities $15000$ What is the amount of current assets?

  • A$5000$
  • B$6000$
  • C$11000$
  • D$23000$

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